If I place a purchase order in the amount of 100 BTC, can I manipulate the price? How many BTC do I need to have to make the price shoot? The term "whale" is assigned to the people who own how much of BTC?
Over 2000BTC will grant you "whale" label. I have observed enough pumps on Mintpal, Cryptsy, Bittrex and Poloniex for nearly 5 years. 100BTC is a good investment in ICO, but nothing more. 500BTC is your magic number if you want to move a price of a new and promising coin with good volume like ICN. Keep in mind that move, doesn`t mean pump. With 500BTC you can move price on Kraken. If ICN is on Poloniex, you will need bots which costs 300-700 euro and at least 3000BTC. Keep in mind that top 10 coins are always into the spotlights and many people doesn`t place sell orders, but are keeping their coins on the exchanges and waiting for good price. You will also need 5-15 real people to create enough hype in forums, Facebook, Twitter, etc. You can not do it alone. So, are you ready to become whale?
With this explanation, ofc he is not and probably he never will be.
But you can "move" things without bots, with lower amount than 500BTC or at least be a part of a bigger "fish" that you are atm.
Still though you are correct. You need help from others. Bots or real ppl...
